The Tax Incentive Policy in Telecommunication Industries - Essay Example

The expansion of wireless internet in the form of WiMax and WiFi with high speed data access has opened booming business trends in telecommunication industry.... In order to explore the future potential trends in telecommunication industry, it is necessary to analyze the possibilities in banking sector.... Under this system, companies from different industries would join together to serve their customers efficiently.... (Assignment) Telecommunications Business Trends telecommunication links people with wired and wireless technologies making their communication easier despite geographical distance or cultural variance....

A budget of 2002: It scrapped the tax on companies earning profits up to 10000 pounds and that witnessed a huge growth in the number of self-employed and small-scale industries.... The author explains what taxation is, examines the history of corporate tax, and the current reforms.... Relief from double taxation is present where a corporate entity earning and giving tax on foreign land is exempted from doing so on UK soil.... History of Corporate tax: In the Finance Act of 1965, the process of uniform taxation for individuals and corporates was abolished and separate Corporate Taxation was started....

It has very high level of telecommunication, satellite and basic infrastructure.... The country offers numerous tax rebates which has acted as an impetus for its growth, especially in the arena of financial services and banking.... The GDP per capita (PPP) of the nation was $80,500 (2007 est)....

In fact, Langdale (1997) asserts that the emergence of broadband technology has brought many possibilities to internet users at a faster rate.... It is evident that in the future, Internet through.... ... ... Broadband diffusion is currently halted at the regulation crossroad between the market, government, and consumer lobbyists, especially with regard to opening up the broadband Controlling access to the broadband infrastructure could potentially create an oligopoly and threaten the variety and diversity of services available....

In the context of the ongoing debate on private versus public ownership of utilities, this essay examines the impact of privatization of telecommunication industry, which is one of the fastest growing sectors all over the world.... erformance of the publicly owned telecommunication industry before the 1980s, the privatization will improve the overall performance and efficiency of the sector.... Thus telecommunication sector is considered to be of much economic and technological importance (Li and Xu, 2004)....

orales (2002) examined empirically the impact of privatization in telecommunication sector in the Latin American nations.... conomdies ,N(2004): “Competition policy in Network Industries”, Working paper04-23, NewYork: Net Institute.... In the case of network industries, due to their special features, economic regulation is established as an alternative to competition and antitrust law in many of these industries (Economides, 2004)....

Traditional export-oriented industries have seen growth.... This paper "Trade policy of Brazil" discusses Brazil initiated economic reforms in 1990.... Its main policy objectives have been the reduction of inflation.... It has used primary fiscal balance and inflation targeting as its main monetary policy instruments.... It has constrained policy choices and contributed to high-interest rates....

In comparison to changes taking place now, a lot of changes happened in the timeline of 1971 to 1991 when the share of high knowledge industries was greater.... telecommunication and transport are crucial services linking countries.... Considering the service sector will help in policy formulation keeping the global trend in policy shift in view.... Any change in the trade policy, competition policy, and technology impacts these businesses that have made the whole world a global village....